SpaceX (NASDAQ:SPCX) stock is up 4% so far in September, trading at $147.95 at press time, on September 7. With new SpaceX share unlocks now on the horizon, however, the price could potentially experience some volatility in the coming weeks.
Initially, about 639 million SPCX shares went into circulation following the June 12 initial public offering price (IPO), so the upcoming unlocks are set to significantly increase the stock’s tradable supply in a rather short period of time.
Notably, the September 24 unlock will raise the tradable float to about 20.1%. To see how the price might move as a result, we asked OpenAI’s chatbot, ChatGPT, to predict SpaceX stock price after the September 24 share unlock.
